EULAV Asset Management decreased its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,000 shares of the apparel retailer’s stock after selling 34,000 shares during the period. EULAV Asset Management owned 0.18% of Urban Outfitters worth $7,111,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares during the period. Robecosam AG bought a new stake in shares of Urban Outfitters during the second quarter valued at approximately $108,000. LS Investment Advisors LLC increased its stake in shares of Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Urban Outfitters during the second quarter valued at approximately $203,000. Finally, Shaker Investments LLC OH bought a new stake in shares of Urban Outfitters during the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 76.83% of the company’s stock.
Urban Outfitters, Inc. (NASDAQ:URBN) traded down 1.59% during mid-day trading on Wednesday, hitting $27.15. The stock had a trading volume of 1,141,400 shares. The firm has a market cap of $3.16 billion, a PE ratio of 14.11 and a beta of 0.63. The company’s 50 day moving average price is $31.71 and its 200 day moving average price is $32.71. Urban Outfitters, Inc. has a 52 week low of $20.06 and a 52 week high of $40.80.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The company earned $862.50 million during the quarter. During the same period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that Urban Outfitters, Inc. will post $1.93 earnings per share for the current year.
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URBN has been the topic of several research analyst reports. Wunderlich upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, November 10th. Citigroup Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a report on Tuesday, November 15th. Jefferies Group set a $45.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Monday, October 24th. Stifel Nicolaus set a $40.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Thursday, November 24th. Finally, Robert W. Baird restated a “buy” rating on shares of Urban Outfitters in a report on Saturday, November 26th. Twenty-one analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.62.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $39.95, for a total value of $250,087.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 24.30% of the stock is owned by company insiders.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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